Dallas, TX 9/16/2008 12:24:15 AM
News / Finance

OTCPicks.com Daily Market Movers Digest Midday Report for Monday, September 15th SPNG, NAPS, SWHI, DPHIQ, PPRW

OTCPicks.com’s Daily Small Cap and Microcap Newsletter presents a range of the hottest small cap stocks on trading on the OTC and OTCBB markets. In addition to our Newsletters, OTCPicks.com is quickly becoming the premier community destination for small cap and microcap traders to meet up and discuss their top stock picks. Visit http://www.otcpicks.com today to join this growing community.

Our Stocks to Watch today include SpongeTech Delivery Systems Inc. (OTCBB: SPNG), Napster Inc. (Nasdaq: NAPS), SonomaWest Holdings Inc. (OTC: SWHI), Delphi Corp. (OTC: DPHIQ) and Premier Power Renewable Energy Inc. (OTCBB: PPRW).

For the complete newsletter please visit: http://www.otcpicks.com/daily-market-movers/index.php

For more in-depth coverage of small cap stocks visit http://www.otcpicks.com

SPONGETECH DELIVERY SYSTEMS (OTCBB: SPNG)

Company Profile: http://www.otcpicks.com/spongetech/spongetech.htm

SpongeTech Delivery Systems is a development stage company which designs, produces, markets and distributes cleaning products for vehicular use utilizing patented technology relating to sponges containing hydrophilic (liquid absorbing) foam polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, which is loaded with specially formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure. The Company's products are currently designed specifically for vehicular cleaning use. However, the Company is exploring the possibility of using its patented technology for the development of sponges for other uses, including for use with anti-bacterial, bath and kitchen soaps for household uses, as well as for use as a children's bath foam sponge.

NAPSTER INCORPORATED (NASDAQ: NAPS)

"Up 86.76% in morning trading"

Napster, the pioneer of digital music, offers the ultimate in interactive music experiences, creating better ways to discover, share, acquire and enjoy music — anytime, anywhere. The Company's offerings include "Napster" (www.napster.com) — the premier online music destination featuring the most popular on-demand music subscription service in the world and the largest, most comprehensive MP3 download store on the market; "FreeNapster" (www.freeNapster.com) — a unique Web experience offering free on demand music legally; and "Napster Mobile" — one of the industry's fastest growing mobile music platforms. Headquartered in Los Angeles, Napster's services are available in markets across the Americas, Europe and Japan.

SONOMAWEST HOLDINGS INCORPORATED (OTC: SWHI)

"Up 41.90% in morning trading"

SonomaWest Holdings, Inc., formerly Vacu-dry Company, was incorporated in 1946 and currently operates as a real estate management and rental company. The Company's rental operations include two industrial properties. This commercial property is now being rented to third parties. The Company's primary operating revenue is generated from the leasing of its two properties, located in Sebastopol, California. The properties are leased to multiple tenants with various lease terms.

DELPHI CORPORATION (OTC: DPHIQ)

"Up 77.78% in morning trading"

Delphi Corporation supplies vehicle electronics, transportation components, integrated systems and modules, and other electronic technologies primarily in North America and Europe. Its Electronics and Safety segment offers controls and security products that consist of body computers, security systems, displays, and mechatronics; entertainment and communications products, including advanced reception systems, digital receivers, satellite audio receivers, navigation systems, rear-seat entertainment, and wireless connectivity products; safety systems, such as airbags, occupant detection systems, collision warning systems, advanced cruise control technologies, safety electronics, seat belts, and steering wheels; and power electronics that include power modules, inverters and converters, and battery packs. The company’s Powertrain Systems segment provides products for engine management systems; diesel EMS product line that offers rail system technologies; fuel handling systems for gasoline, diesel, flexfuel, and biofuel configurations; and emissions systems. Its Electrical/Electronic Architecture segment offers electrical/electronic distribution systems, connection systems, and electrical centers. The company’s Thermal Systems segment offers radiators, condensers, and charge air cooling heat exchangers; and climate control products, including HVAC modules, compressors, and controls. Delphi’s Automotive Holdings Group segment provides suspension components and brake components. The company was founded in 1998 and is headquartered in Troy, Michigan. On October 8, 2005, Delphi Corporation along with its affiliates jointly filed a voluntary petition for reorganization under Chapter 11 of the US Bankruptcy Court for the Southern District of New York. Delphi Corp. operates independently of General Motors Corporation as of May 28, 1999.

PREMIER POWER RENEWABLE ENERGY (OTCBB: PPRW)

"Up 63.33% in morning trading"

Good Life China Corporation operates a chain of franchised convenience stores in Hebei Province, the People’s Republic of China. The company employs retail concepts, such as e-commerce enabled POS/back office systems. It operates approximately 1,730 stores. The company also has an agreement with Petro China Beijing to provide distribution services and information management system services for the convenience stores in the gas stations belonging to Petro China Beijing Marketing Company. In addition, the company offers online sub prime financial services, such as money lending, forex trading, and advanced electronic funds management. Good Life China Corporation was incorporated in 1998 and is based in Toronto, Canada.

About OTCPicks.com

OTCPicks.com is fast becoming the premier Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish our Daily Market Movers Digest Newsletter to opt-in investor members. OTCPicks.com presents the latest information for the discerning small cap and microcap investor. The site features informative articles on microcap investing, the top penny stock picks, and a wealth of small cap research on vertical markets. To feature a company on OTCPicks.com, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.

Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

Disclosure: OTCPicks.com has been compensated two hundred thousand free trading shares by a third party (Pine Mountain Ventures) for this current SPNG IR program. OTCPicks.com has been compensated in the past for SPNG IR services including seventeen thousand dollars by the company and four hundred thousand free trading shares by a non-controlling third party for multiple 30-day SPNG IR programs.

OTCPicks.com is not a registered investment advisers or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk.